Why give the benefit, the chart of SRK is clear, office space is leased by the company and who owns the office space?
There is no possible way there is a move to QLD.
Iron assets are being sold as its better than selling LEL shares to pay debt , the sale price achieved is crap##y and feels just a tad
low by any stretch.
If a JV partner enters would the same games of cross ownerships, director fees, admin fees, misc fees be able to be charged?
LEL cash in the bank drifting lower to keep going as its expensive keeping the rigs turning, project going forward.
With a different board LEL would be trading at a 60% premium to the current price, however the market has spoken its not SRK
holding of stock causing muted stock price its the Forooq effect. (like the butterfly effect ) He is the best at the trough, and him making money not shareholders.
Farooq effect -stock trades by at least 40-60% of its true worth if its market cap exceeds 40 mill. while he sits on the board.
No one cares of share manipulation games of prior to 2010 so not reflective of current market conditions. since then the effect is quite clear.
If shareholders and institutions since 2010 keep getting burnt they are heat shy. Who has made money?
Not Many......
I think LEL is undervalued when a JV partner comes the game changes I/others would buy into the stock as long as the end game
is Jv dominating the project the company can perform , mitigation of the Farooq effect....
- Forums
- ASX - By Stock
- LEL - The Sleeping Giant
Why give the benefit, the chart of SRK is clear, office space is...
- There are more pages in this discussion • 205 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
52.0¢ |
Change
-0.030(5.45%) |
Mkt cap ! $58.24M |
Open | High | Low | Value | Volume |
55.0¢ | 55.0¢ | 50.5¢ | $310.7K | 587.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 6814 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29835 | 0.510 |
3 | 83110 | 0.505 |
5 | 52000 | 0.500 |
1 | 2000 | 0.495 |
1 | 4200 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 6814 | 2 |
0.535 | 2000 | 1 |
0.540 | 105000 | 2 |
0.575 | 15000 | 1 |
0.595 | 56950 | 2 |
Last trade - 15.49pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
51.0¢ |
  |
Change
-0.030 ( 6.46 %) |
|||
Open | High | Low | Volume | ||
55.0¢ | 55.0¢ | 50.5¢ | 122963 | ||
Last updated 15.48pm 03/05/2024 ? |
Featured News
LEL (ASX) Chart |